HomeMy WebLinkAbout2004-12-20 IDA
MINUTES OF THE REGULAR MEETING OF THE
INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF SANTA ANA
SANTA ANA, CALIFORNIA
DECEMBER 20, 2004
CALLED TO ORDER
POLICE COMMUNITY ROOM
60 CIVIC CENTER PLAZA
7:35 P.M.
AUTHORITY MEMBERS present:
MIGUEL PULIDO, CHAIRMAN
CLAUDIA ALVAREZ
LISA BIST
CARLOS BUSTAMANTE
ALBERTA CHRISTY
MIKE GARCIA
JOSE SOLORIO
STAFF present:
DAVID N. REAM, City Manager
JOSEPH FLETCHER, City Attorney
PATRICIA E. HEALY, Clerk of the
Council
CONSENT CALENDAR
Motion:
Approve staff recommendations on the following Consent Calendar
items.
MOTION: Christy
SECOND: Alvarez
NOES:
Alvarez, Bist, Bustamante, Christy, Garcia,
Pulido, Solorio (7)
None (0)
VOTE:
AYES:
ABSTAIN: None (0)
ABSENT: None (0)
ADMINISTRATIVE MATTERS
MINUTES
Motion:
Approve minutes
INDUSTRIAL DEVELOPMENT AUTHORITY MINUTES 1
DECEMBER 20, 2004
CONSENT CALENDAR
10.A. REGULAR MEETING OF FEBRUARY 5, 2001
(Councilmember Bustamante abstained on this item)
SECRETARY OF THE AUTHORITY POSTINGS
Motion:
Instruct Clerk to enter notice of posting into the Minutes
15.A. The February 5, 2001 Industrial Development Authority Agenda was posted
on the door of the Council Chambers, 22 Civic Center Plaza, on February 3,
2001 at 5:00 p.m.
* * END OF CONSENT CALENDAR * *
JOINT SESSION BETWEEN THE INDUSTRIAL DEVELOPMENT AUTHORITY AND
THE CITY COUNCIL OF SANTA ANA
WORK STUDY SESSION
W.S.A.
Empowerment Zone Industrial Development Bonds - Community
Development Agency
Pat Whitaker, Executive Director, Community Development Agency briefed
the Council relative to the two items on the Joint session between the City
Council and the Industrial Development Authority. Highlights are as follows:
. One of the incentives available to businesses within the Santa Ana
Empowerment Zone is an allocation of $130 million for the issuance of
Private Activity Bonds to qualified businesses
. The Empowerment Zone has issued two prior bonds
. The City has received applications from Cramer-Decker Industries
requesting assistance in financing the acquisition of property located in
the Empowerment Zone ( 1641 S1. Andrew Place), and from Memory
Experts International requesting assistance in acquiring the property
located in the Empowerment Zone (1651 S1. Andrew Place)
. As a condition, 35 percent of the workforce for these industries must be
Empowerment Zone residents
. In addition to receiving approval by the Industrial Development Authority,
the Tax Equity and Fiscal Responsibility Act (TEFRA) imposes public
hearing requirements for tax-exempt bonds.
. Before bonds can be sold, the Council must hold a public hearing
INDUSTRIAL DEVELOPMENT AUTHORITY MINUTES 2
DECEMBER 20, 2004
JOINT SESSION IDA I COUNCIL
PUBLIC HEARINGS
75.B. BOND ALLOCATION FOR CRAMER-DECKER INDUSTRIES
Recommended action approved by the Santa Ana Empowerment
Corporation Board at its Regular Meeting of September 22, 2004 by a vote of
11:0 (Absent: Anton, Bracho, Brewster, Burrier-Lund, Forgarty, Haro,
Medrano, and Mijares)
Legal notice published in the Orange County Register on November 29,
2004
Staff presentation by Patricia Whitaker, Executive Director, Community
Development Agency
No written communication
No speakers; public hearing closed
Motion:
Adopt a resolution.
RESOLUTION NO. IDA 2004-001 - A resolution of the Industrial
Development Authority of the City of Santa Ana authorizing entering into loan
agreement pursuant to which the authority will borrow and lend to borrower
not to exceed $3,800,000 for the acquisition, construction and installation of
certain property and facilities, and authorizing various actions in connection
therewith
MOTION: Alvarez
SECOND: Solorio
VOTE:
AYES:
Alvarez, Bist, Bustamante, Christy, Garcia,
Pulido, Solorio (7)
NOES: None (0)
ABSTAIN: None (0)
ABSENT: None (0)
75.C. BOND ALLOCATION FOR MEMORY EXPERTS INTERNATIONAL
Recommended action approved by the Santa Ana Empowerment
Corporation Board at its Regular Meeting of September 22,2004 by a vote of
11:0 (Absent: Anton, Bracho, Brewster, Burrier-Lund, Forgarty, Haro,
Medrano, and Mijares)
Legal notice published in the Orange County Register on November 29,
2004
INDUSTRIAL DEVELOPMENT AUTHORITY MINUTES 3
DECEMBER 20, 2004
JOINT SESSION IDA I COUNCIL
Staff presentation by Patricia Whitaker, Executive Director, Community
Development Agency
No written communication
No speakers; public hearing closed
Motion:
Adopt a resolution.
RESOLUTION NO. IDA 2004-002 - A resolution of the Industrial
Development Authority of the City of Santa Ana authorizing entering into loan
agreements pursuant to which the authority will borrow and lend to borrower
not to exceed $4,700,000 for the acquisition, construction and installation of
certain property and facilities, and authorizing various actions in connection
therewith
MOTION: Alvarez
SECOND: Bist
VOTE:
AYES:
Alvarez, Bist, Bustamante, Christy, Garcia,
Pulido, Solorio (7)
NOES: None (0)
ABSTAIN: None (0)
ABSENT: None (0)
COMMENTS
There were no public or authority member comments
ADJOURNMENT - 7:36 P.M.
~ He:IY-
Clerk of the Council
INDUSTRIAL DEVELOPMENT AUTHORITY MINUTES 4
DECEMBER 20, 2004